Swiss Market Ends Modestly Higher After Choppy Ride

RTTNews | 104 days ago
Stocktwits
Swiss Market Ends Modestly Higher After Choppy Ride

(RTTNews) - The Switzerland market ended modestly higher on Wednesday despite struggling for direction after a fall from earlier high levels. Concerns about tensions in the Middle East, and a lack of positive triggers rendered the mood cautious. Investors looked ahead to the inflation data, due on Thursday, for directional clues.

The benchmark SMI, which advanced to 12,159.78 in early trades after a marginally positive start, dropped to 12,055.56 around late afternoon, but recovered to settle at 12,122.09, gaining 35.43 points or 0.29%.

Julius Baer, Richemont and Swatch Group gained 2 to 2.1%. Sonova climbed 1.83%, while UBS Group and SIG Group ended up 1.39% and 1.18%, respectively.

ABB gained about 0.75% after the company signed a memorandum of understanding with artificial intelligence provider Carbon Re to collaborate on reducing carbon emissions in the cement industry.

Logitech International, SGS, VAT Group, ABB, Lindt & Spruengli, Novartis and Straumann Holding gained 0.4 to 1%.

Sandoz Group dropped about 3.2%. Givaudan, Swiss Re, Swisscom, Lonza Group, Swiss Life Holding, Adecco, Kuehne + Nagel and Holcim lost 0.5 to 0.9%.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to make more significant moves ahead of a more closely watched report on US consumer price inflation later in the day that could influence the US Fed's rate trajectory. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 41min ago
Australian Market Trims Gains In Mid-market

Australian Market Trims Gains In Mid-market

The Australian stock market is trimming its gains in mid-market trading on Wednesday, but expending the gains in the previous session, with the benchmark S&P/ASX 200 index still staying well above the 8,200.00 level, with gains in mining and financial stocks nearly offset by weakness in technology and energy stocks.
RTTNews | 7h 3min ago
Thai Stock Market Expected To Open Higher On Wednesday

Thai Stock Market Expected To Open Higher On Wednesday

The Thai stock market has finished lower in two straight sessions, sinking more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,340-point plateau although it's due for support on Wednesday.
RTTNews | 8h 3min ago
Indonesia Bourse May Stop The Bleeding On Wednesday

Indonesia Bourse May Stop The Bleeding On Wednesday

The Indonesia stock market has finished lower in back-to-back sessions, surrendering more than 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 6,950-point plateau although it's tipped to open to the upside on Wednesday.
RTTNews | 8h 33min ago
Additional Support Tipped For Hong Kong Shares

Additional Support Tipped For Hong Kong Shares

The Hong Kong stock market on Tuesday ended the six-day losing streak in which it had tumbled almost 900 points or 4.7 percent. The Hang Seng Index now sits just beneath the 19,220-point plateau and it may add to its winnings on Wednesday.
RTTNews | 8h 48min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, snapping a four-session losing streak, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to be just below the 38,500 level, with gains in gains across most sectors led by financial stocks. Technology stocks were the only weak spot.
RTTNews | 8h 50min ago
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